Bitcoin reckoning incoming?

Not looking too well.

So, glancing at this chart, I'm thinking things aren't looking too good for the near future. Of course, I could be wrong. But, we have been seeing lower highs and lower lows basically since the run up to 14k.

I've noticed a pattern forming and based on the previous fractals we've seen in this market, it could go either way. I could be wrong and there could be a huge break to the upside. However, I'm inclined to believe the opposite at this point.

The volumes haven't been very encouraging. I can see a rather quick push down to the 6500 range where a lot of people may be buying. BUT! Be careful. We could easily see prices in the $3500-$4000 range. Remember, that's where we were before this last bubble up to $14,000.

I'm going to be playing this one safe. We've been in an overall downtrend since the fall from 4k and based on current and past data, I think it's a bit risky. A steep drop in price could easily trigger a metric ton of stop-loss orders, futures contracts, etc. I really won't be surprised if this happens.

Everyday I'm becoming more convinced this is the path we will take. I could be wrong. We have seen similar situations go parabolic to the upside. But, I'm just not seeing it here. The volumes aren't as high, the Google search trends are decreasing. I think we have 1 more good cleansing left before we see any more huge gains in price.

How are you playing the current trends? Are you playing the bear or bull?

Btw, this is NOT financial advice. This is just my own personal analysis.